Given a long enough timeline, I don't see on-chain being viable for smaller transactions anyway.
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Perhaps.
Hard to say.
Just hope it doesn't become like the past...
"Why hold your own Gold when you can deposit it for an IOU Bank Note?" -->
"We'll even pay you deposit interest!" -->
"Oops... We are exchanging your Gold to the Feds, cuz it's the law now... but just keeping using the pieces of paper!" -->
π£
"Just buy our stock/ETF/token/IOU (MSTR, NAKA, STRC...) ... L1 is too slow/expensive/risky" -->
"You don't need to access the real thing. Just use the derivative." --->
"Node running is expensive and self custody is risky."
π€πΆβπ«οΈπ³